Daily Archives: 06.04.2018

The Commercial Court of Donetsk region has obliged Donetskstal to pay 2.749 billion UAH to the investment fund ICU. The fund applied to the court in 2011. The case has to do with loans given by VTB Bank. In particular, 1.293 billion UAH is the loan itself, 514.9 million UAH – interest, 940.1 million UAH…

In 2017 the market of large diameter pipes saw a considerable fall. Chelyabinsk Pipe Works and Pipe Metallurgical Company were left almost without orders. According to ChTPZ, the demand for LDP (530 to 1420 mm) decreased by 25%. In 2016 Russia sold 2.1 million tons of pipes, while in 2017 – 1.6 million tons. Analysts…

In 2013-2017 the market of stainless pipes witnessed a growth trend (by 26 thousand tons, or by 54%). This was mostly the result of the welded pipes consumption growth (by 20 thousand tons, or by 80%). In 2017 there was a sharp increase in demand for seamless stainless pipes, as the volume of the market…

Oleg Deripaska, the major shareholder of Russian aluminum giant UC RUSAL, was included in a list of candidates to a new board of directors of metals giant Norilsk Nickel, Norilsk Nickel said in a statement on April 5. RUSAL, which owns 27.8% in Norilsk Nickel, nominated a total of five people to the company’s board,…

In 2018 Mechel intends to reach coal output at the level of 23.3 million tons. “In particular, UKUZ is expected to yield 9.5 million tons, Yakutugol – 8.5 million tons and Elga – 5.3 million tons. Coking coal concentrate will total 10.7 million tons. Power-generating coal output – 5.8 million tons”, the company CEO Oleg…

The minister of energy and coal industry Igor Nasalik has called on the Verkhovna Rada to provide funds to modernize the coal industry. “Without financing and investments in modernization the coal industry will not develop. The ministry has designed a plan to reform the industry, but so far we have not found funds. If this…

The prices of gold, platinum and palladium decreased in Azerbaijan on April 6, while price of silver increased, according to the data published by the Central Bank. The cost of gold decreased by 0.646 manats, to 2257.855 manats per troy ounce compared to the price on April 5. The cost of silver increased by 0.17…

Kirov Non-Ferrous Metals Processing Works in 2017 received 26 million rubles of losses, as opposed to three years of profit. Thus, in 2016 the company received almost 130 million rubles of net profit. In 2015 and 2014 the net profit totaled 81 million rubles and 51 million rubles respectively. Revenue last year reached 8.84 billion…

Rusal has started mining for bauxites at the Verkhne-Schugorsky deposits in the Republic of Komi. The balance reserves of the new deposits total 65 million tons of ore, enough for 20 years of development. In mid-March the Vezhayu-Vorykvinskoye deposits yielded the 40-millionth ton of bauxites, and the reserves are quickly depleting. Hence, the opening of…

This year Dalpolymetall intends to mine 841 thousand tons of polymetalic ore. In particular, the increase will result from the start of the Verkhniy quarry operations. At present Dalpolymetall deposits are united into two clusters – Nikolayevsky mine with Korolevsky site and the Verkhniy quarry. Since the start of the year the company has invested…

In January-March Ukrained increase ferrous scrap exports 3.6-fold YoY, to 140.116 thousand tons, valued at $47.788 million, up 4.1-fold. According to the State Fiscal Service, in March Ukraine exported 53.558 thousand tons of scrap, in February – 52.634 thousand tons, and in January – 33.814 thousand tons. Imports in 3 months increased by 28.6%, to…

In January-March Ukraine increased coal imports by 57.6% YoY, to 5.745 million tons valued at $760.468 million, up by 33.5%. According to the State Fiscal Service, Russia supplied $472.397 million worth of coal (62.12%), USA – $219.929 million (28.92%), Canada – $48.365 million (6.36%) and other countries – $19.777 million (2.6%). In 3 months Ukraine…

Russian aluminum giant UC Rusal plans to launch $216-million production at the world’s largest bauxite field Dian-Dian in Guinea at the end of April, CEO Vladislav Solovyov declared on April 5. “We will launch the 3-million ton mine until the end of April. We have plans to expand capacity to 5 million tons, but it…

The Verkhovna Rada Committee on industrial policy and entrepreneurship has approved the draft decree No. 8226 on amendments to the decree “On amendments to some decrees of Ukraine on the decrease of ferrous metals scrap shortage on the domestic market”. “Ukrainian plants will have raw materials, army – weapon and machines, and Ukrainians – jobs…

In 2017 Mechel decreased coal output by 9% YoY, to 20.638 million tons. According to the company statement, its steel output grew by 1%, to 4.274 million tons, while pig iron manufacture dropped by 1%, to 4.029 million tons. Coalmining in Q4 2017 decreased by 8% QoQ, to 4.944 million tons, steel output grew by…

Metinvest has issued two Eurobond lots with maturity on April 23, 2023 for the amount of $825 million and with maturity on April 23, 2026 for the amount of $525 million. According to Bloomberg, the interest rate is 8%. The 5-year bonds have been issued at 98.986% of the nominal value. The 8-year bonds have…